Ryman Hospitality Properties (RHP) FY2018 results: revenue $1.3 billion, up 7.6% on the year
Ryman Hospitality Properties, Inc. (RHP) reported revenue of $1.3 billion for fiscal 2018, the year ended 31 December 2018, up 7.6% on the year before. Net income was $265 million, up 50.3%, and diluted earnings per share $5.14. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2019.
Revenue
$1.3 billion
+7.6% on the year
FY2011FY2018
Operating margin
16.8%
15.7% a year earlier
FY2011FY2018
Net income
$265 million
+50.3% on the year
FY2011FY2018
Diluted EPS
$5.14
+49.9% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
1,275
1,185
1,149
+7.6%
Cost of revenue
771
734
722
+5.1%
Gross profit
504
451
427
+11.7%
Gross margin
39.5%
38.1%
37.1%
Operating income
214
186
215
+15.2%
Operating margin
16.8%
15.7%
18.7%
Interest expense
75.0
66.1
63.9
+13.5%
Pre-tax income
276
127
163
+117.7%
Income tax
11.7
-49.2
3.4
Effective tax rate
4.2%
-38.7%
2.1%
Net income
265
176
159
+50.3%
Net margin
20.8%
14.9%
13.9%
Diluted EPS
$5.14
$3.43
$3.11
+49.9%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
322
296
294
+8.8%
Capital expenditure
188
183
118
+3.1%
Free cash flow
134
113
176
+18.0%
Free cash flow margin
10.5%
9.6%
15.3%
Cash from investing
-423
-215
-179
Cash from financing
172
-82.9
-112
Depreciation and amortisation
121
112
110
+8.0%
Share-based compensation
7.7
6.6
6.1
+15.3%
Buybacks
n/a
n/a
24.8
Dividends paid
172
162
151
+6.6%
Dividend per share
$3.40
$3.20
$3.00
+6.2%
Diluted shares, weighted
52m
51m
51m
+0.3%
Shares outstanding at period end
51m
51m
51m
+0.3%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
470
378
368
+24.2%
Debt
2,463
1,617
1,522
+52.3%
Other liabilities
921
529
515
+74.2%
Total liabilities and equity
3,854
2,524
2,406
+52.7%
Fixed assets
3,149
2,066
1,998
+52.5%
Intangible assets
247
4.3
n/a
+5,658.9%
Cash and equivalents
103
57.6
59.1
+79.7%
Inventory
9.8
8.1
8.1
+22.0%
Other assets
345
389
341
-11.3%
Total assets
3,854
2,524
2,406
+52.7%
10-K for the year ended 31 December 2018, filed 26 February 2019: the filing.